Companies run in shareholders’ long-term interests also serve society's long-term interests

Monks, Robert A. G.; Sykes, Allen

doi:10.9774/gleaf.978-1-909493-59-9_21

Cited by 9 publications

(2 citation statements)

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“…Previous research has drawn attention to lack of accountability as an impediment toward SRI. For example, Monks and Sykes (2006) argue that inefficient accountability and beneficiaries' lack of insight and control in the investment process should be regarded as impediments to SRI. Future research will hopefully investigate in what ways organizational factors such as accountability, social norms and organizational values interact with individual beliefs and personal moral values to impede or promote SRI.…”

Section: Discussionmentioning

confidence: 99%

Motives to engage in sustainable investment: a comparison between institutional and private investors

Jansson

Biel

2011

Sustainable Development

119

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The current study compares motives to invest in accordance with socially responsible criteria among different groups of investors. In total, 60 employees from 19 investment institutions, 453 private investors and 71 institutional investors participated in a questionnaire study. While socially responsible investment (SRI) among private and institutional investors was guided by self-transcendent values (environmental and social values), this was not the case among fund managers working in investment institutions. Fund managers in investment institutions were affected by beliefs about long‐term returns of SRI. Private investors were, in addition, influenced by beliefs about long‐term returns, whereas institutional investors were motivated by an effort to reduce financial risks. Finally, investment institutions tended to overrate the importance of financial returns among their beneficiaries (private and institutional beneficiaries) and underestimate the importance of ethical, environmental and social aspects for beneficiaries. The results indicate that private and institutional investors/beneficiaries give a wider interpretation of fiduciary duty than investment institutions do. Copyright (C) 2011 John Wiley & Sons, Ltd and ERP Environment.beliefs , ethical investments , investment decisions , socially responsible investment , values ,

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Section: Discussionmentioning

confidence: 99%

Motives to engage in sustainable investment: a comparison between institutional and private investors

Jansson

Biel

2011

Sustainable Development

119

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“…Complex market transformation is unlikely to be achieved by a single pension fund acting alone, even if it is very large (Monks and Sykes, 2006). However, working collectively large funds could have a cost-effective and profound impact, initiating changes that could increase long-term market returns by transforming value-destroying parts of the system.…”

Section: Opportunities To Increase Overall Market Return Through Collmentioning

confidence: 99%

Increasing Long‐Term Market Returns: realising the potential of collective pension fund action

Thamotheram¹,

Wildsmith

2007

Corporate Governance

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This paper seeks to offer a perspective from two practitioners on how the potential for retirement fund collaboration to improve long-term market returns could be realised. After looking at the Universal Owner hypothesis and long-term market returns, and their relevance to pension funds, the paper looks at collaboration to date, and the problems of collective action in general. After outlining several current collaborative opportunities, the ways in which they address the problems of collective action are outlined. The paper ends with a call to action to the leaders of the world's largest pension funds. Copyright (c) 2007 The Authors; Journal compilation (c) 2007 Blackwell Publishing Ltd.

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Remarks on Lydenberg’s “Reason, Rationality and Fiduciary Duty”

Eccles

2016

J Bus Ethics

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Companies run in shareholders’ long-term interests also serve society's long-term interests

Cited by 9 publications

References 0 publications

Motives to engage in sustainable investment: a comparison between institutional and private investors

Motives to engage in sustainable investment: a comparison between institutional and private investors

Increasing Long‐Term Market Returns: realising the potential of collective pension fund action

Remarks on Lydenberg’s “Reason, Rationality and Fiduciary Duty”

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